Ref: 8K/CHN/2017-18/E024 1st December 2017 · PDF file · 2017-12-01Cybersecurity" market is" expected" to" become" huge" in" the"coming" years."AWS" also" announced" a ... (EHR)

8K Miles Software Services Limited Regd. Office: No.5, Cenotaph Road,

“Srinivas” Towers, II Floor, Teynampet, Chennai – 600 018 Phone: +91-44-6602-8000

Email: [email protected], www.8kmiles.com CIN # L72300TN1993PLC101852

Ref: 8K/CHN/2017-18/E024 1st December 2017

The Deputy General Manager, Department of Corporate Services, Bombay Stock Exchange Ltd, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001.

The General Manager, Listing Department, National Stock Exchange Limited,

Exchange Plaza, C-1, Block G,

Bandra Kurla Complex, Bandra (E),

Mumbai 400 051

Scrip Code: 512161 - ISIN NO-INE650K01021 EQ- 8KMILES – ISIN NO- INE650K01021

Dear Sir/Madam,

Sub: Outcome of Board Meeting held on December 1, 2017-Disclosure pursuant to Regulation 30

(as specified in Part A of Schedule III) of SEBI Listing Obligation and Disclosure Requirements, 2015

Please be informed that the meeting of Board of Directors of the Company was held today (December 1,

2017) at the Registered Office of the Company at “Srinivas” Towers, No.5, Cenotaph Road, II Floor,

Teynampet, Chennai-600018. The Meeting commenced at 9.30 AM and concluded at 1.30 PM

The Board of directors have approved and taken on record the following: -

• The unaudited financial results for the quarter ended September 30, 2017.

Pursuant to Regulation 33 of SEBI Listing Obligation and Disclosure Requirements, 2015, we hereby

submit the unaudited financial results along with the Limited Review Report from the statutory Auditors

of the company as approved at the audit committee meeting held on December 1, 2017.

• Appointment of Mrs. B. Chandra and Associates (Practicing Company Secretary) as Secretarial

Auditor of the Company pursuant to the provisions of Section 204(1) of the Companies Act 2013,

Rule 9 of Companies (Appointment and Remuneration personnel) Rules 2014 and other

applicable provisions, if any, of the Companies Act, 2013 for the FY 2017-18.

Please find enclosed the below documents to be submitted within 30 minutes of closure of the meeting

as required under SEBI (LODR) Regulation, 2015. We would also upload the same in NSE NEAPS and BSE

listing Centre:

1. The unaudited financial results of the Company for the quarter ended September 30, 2017;

2. Limited Review Report from the statutory Auditors;

3. Press release on Unaudited Financial Performance of the company for the quarter ended September 30, 2017 on a consolidated basis.

Please take a note of the above at your end.

Thanking You,

Yours Truly,

For 8K Miles Software Services Limited

Jayashree Jagannathan Company Secretary & Compliance Officer

mailto:[email protected]

http://www.8kmiles.com/

Press Release Chennai, India

December 1, 2017

8K Miles Q2, FY18 Gross Revenues grew 72.74 % YoY and 8.03% QoQ EBITDA up by 66.28 % YoY and 10.29 % QoQ 8K Miles Software Services, Ltd., a leading Global IT Business Transformation, Secure Cloud Solutions and Managed Services Provider, today announced the Company’s unaudited financial results for the quarter ended 30th September, 2017 as approved by the Board of Directors. Highlights of the Q2 Results:

• Gross Revenues grew to 211.12 crores, an increase of 72.74 % YoY • EBITDA grew to 70.56 crores, an increase of 66.28 % YoY • Net profit after minority interest grew to 41.08 crores, up by 73.88 % YoY

Gartner expects public cloud infrastructure market to grow by 38% in 2017 to reach $34 billion by the end of the year and expected to reach $71 billion by 2021, a CAGR of 29%. If IaaS maintains this growth rate through 2021, it will likely surpass software-‐as-‐a-‐service (SaaS) to become the 2nd largest segment of the cloud industry sometime in the next decade, behind only Cloud Advertising. The SaaS market is expected to grow by 20% to reach $46 billion by the end of 2017. According to the same Gartner report, SaaS is forecasted to grow to $75 billion by 2021 with a CAGR of 18%.

Amazon’s cloud business AWS continues to see phenomenal growth as it’s nearing $18B revenue annual run rate in 2017. Andy Jassy, CEO of AWS told CNBC recently that Amazon might become the largest enterprise company in the world. Amazon announced AWS GuardDuty at AWS re:Invent 2017 in Las Vegas, a brand-‐new security service to protect and defend enterprise customers on the cloud as Cybersecurity market is expected to become huge in the coming years. AWS also announced a strategic business partnership with Cerner, the leading Electronic Health Records (EHR) company to provide public cloud infrastructure capabilities for healthcare providers in the US. Microsoft and Apple are also expected to partner or build their own EHR solutions on the cloud as healthcare providers start to embrace cloud in 2019 and beyond.

“Many US healthcare providers are starting to explore the opportunities to host patients’ medical records in a hosted cloud environment and move away from traditional data centers to a more reliable and secure repository for EHR data. This innovation in healthcare should help to advance patient care and population health, protect the privacy and security of patient information, support outstanding clinical care and research, introduce new healthcare applications and ultimately reduce costs and bring greater efficiencies to IT operations. Cloud enables timely security updates and patching as well as heightened security controls and also allows easier disaster recovery with many backup options. 8K Miles is in the process of establishing a proof of concept with one of the major

EMR vendors in a public cloud environment.” said Mr. Suresh Venkatachari, Chairman and Managing Director, 8K Miles Software Services, Ltd. Consolidated Financial Highlights for the Quarter ended 30 September 2017: Particulars Q2 FY 18 Q-‐o-‐Q growth Y-‐o-‐Y growth Revenue (INR Lakhs) 21,112.13 8.03 % 72.74 % EBITDA (INR Lakhs) 7,055.62 10.29 % 66.28 % PBT (INR Lakhs) 6,348.17 8.94 % 67.50 % PAT before minority interest 4,771.09 8.06 % 66.42 % PAT after minority interest 4,108.33 7.85 % 73.88 % Key Business Highlights of Q2, FY 2018:

• 8K Miles has successfully delivered the launch of phase 1.0 of Pharma Science Cloud for a Fortune 500 pharmaceutical customer during Q2 FY2018. Also, 8K Miles signed a contract to do Enterprise Cloud Transformation and 24/7 cloud managed services with the enterprise devision of the pharmaceutical customer to provide continuous security and compliance services through the automation platform.

• Signed an additional business contract with the large life sciences customer to provide multi-‐cloud enablement and also build DevOps as a Service for the enterprise IT.

• Recently 8K Miles signed an engagement with a large pharmaceutical customer from Europe in their Cloud Transformation initiative.

• Expanding services with top Pharma clients to include Microsoft Azure cloud along with AWS and defining their Multi-‐Cloud strategies

• Signed a MSA agreement with a major US consulting firm to partner on pharma validation and qualification business opportunities.

• 8K Miles entered into a business agreement with a large european company which does diagnostic and surgical imaging and brings clinicians and specialists together to share images, information and expertise in an accessible and workflow-‐optimized way on the healthcloud environment. 8K Miles will work with this customer to build their SaaS based collaborative medicine platform.

• Signed a MSA contract to benchmark and validate computer vision custom models and content classification schemes for a major cloud provider in their AI and machine learning efforts.

• Signed multiple MEDITECH EMR migration projects with various US hospitals. • During this quarter Q2 FY2018, three healthcare providers organizations extended their

original engagements with the continued development of Epic Connect Program, Epic Ambulatory and Epic Cadence Analyst services.

• 8K Miles healthcare division was recently selected to design cloud-‐based clinical archive for a US mid-‐west based hospital.

• 8K Miles extended its channel partner network with engagements at US east coast and west coast based medical centers.

• Fortune 100 Enterprise signed two additional contract opportunities with 8K Miles to onboard 500+ SaaS providers to their cloud identity services platform.

Consolidated Performance As the first time adopter of Ind AS, the Company is availing exemptions and evaluating the implications of Ind AS on consolidated financial statements. Given below is the consolidated financial performance for the Quarter ended 30th September 2017 prepared by the management in accordance with IGAAP for investors’ information. Such information has not been subjected to any review or audit by the auditors of the Company.

About 8K Miles: 8K Miles Software Services is a leading Global IT Business Transformation, Secure Cloud Solutions and Managed Services Provider company based in the San Francisco Bay area and a publicly traded company listed on Indian Stock Exchanges (NSE and BSE). 8KMiles Software Services provides digital technology solutions – SMAC (Social, Mobile, Analytics and Cloud) for seamless connectivity between consumers, SMBs, large enterprises, healthcare providers and pharmaceutical companies secured with EzIAM™ SaaS offering, CloudEz™ solution for cloud automation, compliance validation and our patented MISP™ platform for onboarding and accelerated Business Partners and SaaS providers identity federations. For 8K Miles Software Services Limited

R S Ramani Whole-time Director

Cloud Experience‣‣Forward

8K Miles

FY18 Q2 Highlights

Proprietary and Confidential. © 2017 8K Miles Software Services Inc.

Proprietary and Confidential. © 2017 8K Miles Software Services Inc. 2

8K Miles, founded in 2008, is a Global Leader in Enterprise Cloud Transformations helping Clients adapt Multi Cloud Strategy.

Our Rapid Growth is fueled by numerous success stories in the Highly Regulated Industries with emphasis on Security, Compliance & Automation.

675+ Employees Worldwide

100+ Clients

Globally

100% YoY Growth

over last 3 years

FY 18 Q2 - Financial Highlights


Gross Revenue Rs. 211 CR Up 73% YoY and 8% QoQ

EBITDA Rs. 71 CR Up 66% YoY and 10% QoQ

Post MI Net Profits Rs. 41 CR Up 74% YoY and 8% QoQ

•  Successfully delivered the launch of Pharma Science Ph-1 Cloud for a Fortune 500 Pharma Client. •  Additionally, signed Enterprise Cloud Transformation and 24/7 cloud Managed Services contact

to provide Continuous Security and Compliance services through the automation platform. •  Signed an engagement with a large pharmaceutical customer from Europe in their Cloud

Transformation initiative. •  Signed a MSA agreement with a major US consulting firm to partner on Pharma validation and

Qualification business opportunities.

Pharma

•  Signed an additional business contracts with the large life sciences customer to provide Multi-cloud Enablement and also build DevOps as a Service for their enterprise IT.

•  Entered into a business agreement with a large European company to build a SaaS based Collaborative Medicine Platform. •  This client builds diagnostic and surgical imaging solutions and brings clinicians and specialists

together to share images, information and expertise in an accessible and workflow-optimized way on the health cloud environment.

Lifesciences

Key Accomplishments


Defining Multi-Cloud Strategies with Azure and AWS

• Signed multiple MEDITECH EMR Migration projects with various US hospitals. • Extended the existing engagements with three organizations to continue the development of

Epic Connect Program, Epic Ambulatory and Epic Cadence Analyst services. • 8K Miles healthcare division was recently selected to design Cloud-based Clinical Archive for

a US mid-west based hospital. • 8K Miles extended its Channel Partner Network with engagements at US east coast and west

coast based medical centers.

Healthcare Providers

• Signed a MSA contract to benchmark and validate computer vision custom models and content classification schemes for a major cloud provider in their AI and Machine Learning efforts.

• Fortune 100 Enterprise signed two additional contract opportunities with 8K Miles to onboard 500+ SaaS providers to their cloud identity services platform.

Cloud & AI/ML

Key Accomplishments


Defining Multi-Cloud Strategies with Azure and AWS

Automation

Highly Regulated Industries

Focus

Recurring Revenue

Business Results

Driving Success


•  Strong History Automation since 2010

•  Cloud is not ‘People’ Model

•  Advanced Capabilities such as AI, ML and Analytics

• Healthcare, Lifesciences and PCI

• HIPAA, GxP, FIPS, PCI-DSS and more

•  Compliant Solutions Means Drive TTV for Clients

•  Leverage 8K Platforms

• Highly Automated Solutions Requiring Less Operations

•  Significant Cost Savings yet High Quality

•  100% YoY Growth over last 3 years

•  Employee base grew from 350 to 675 only

•  Continued Ability to Maintain High Margin

50

15 Competition

8K Miles

Continuous Compliance Continuous

Security

CloudEz

MISP ezRWE

Automaton

EMRaaS

Strong FY18 YTD performance with impressive Q2 results

"   Gartner Projects Strong IaaS Growth, likely to surpass SaaS by 2021 –  Grow by 38% in 2017 to reach $34B by the end of the year

–  Expected to reach $71B by 2021, a CAGR of 29%.

–  If IaaS maintains this growth rate through 2021, it will likely surpass software-as-a-service (SaaS) to become the 2nd largest segment of the cloud industry sometime in the next decade, behind only Cloud Advertising

–  The SaaS market is expected to grow by 20% to reach $46B by the end of 2017. According to the same Gartner report, SaaS is forecasted to grow to $75B by 2021 with a CAGR of 18%.

"   AWS’ Phenomenal Growth, likely to propel Amazon to be the largest in the world –  Nearing $18B revenue annual run rate in 2017

–  Andy Jassy, CEO of AWS told CNBC recently that Amazon might become the largest enterprise company in the world

–  re:Invent 2017 Highlights •  AWS GuardDuty, a brand-new security service to protect and defend enterprise customers on the cloud as Cybersecurity market is

expected to become huge in the coming years.

•  Announced a strategic business partnership with Cerner, the leading Electronic Health Records (EHR) company to provide public cloud infrastructure capabilities for healthcare providers in the US.

"   Microsoft and Apple are also expected to partner or build their own EHR solutions on the cloud as healthcare providers start to embrace cloud in 2019 and beyond.

Industry Highlights


Strictly Private and Confidential 8

An overview of growth

CQGR 16.1%

Number of clients by size of account

> $1 million > $2 million > $3 million > $5 million

Sep-17 15 4 2 1

Mar-17 13 4 2 1

Mar-16 8 - -

Mar-15 3


Revenue (HYE 18) – Healthcare and cloud focus strengthens growth Cu

rren

cy:

INR

(In

mill

ions

)

53.20% 49.6% 42.6%

24.30% 26.9%33.0%

14.20% 12.8% 14.0%

8.30% 10.7% 10.5%

0%

20%

40%

60%

80%

100%

Sep-17 Mar-17 Mar-16

Domain View

Life Science & Healthcare Manufacturing Technology & media Banking & Insurance

42.25% 39.1% 37.5%

29.43%26.4% 25.3%

13.29%12.4%

9.7%

15.03%22.1% 27.5%

0%

20%

40%

60%

80%

100%

Sep-17 Mar-17 Mar-16

Service View

Cloud Transformation Managed Services Security Solutions Consulting

Currency: INR (In m

illions)

Service View - Growth

HYE Sep-17 Mar-17 Mar-16

Life Science & Healthcare"

2,165 " 2,650

1,156

Manufacturing"

989 " 1,438

896

Technology & media"

578 " 684

380

Banking & Insurance"

337 " 572

284

Total

4,069 5,344

2,716

Domain View - Growth

HYE (Sep-17) Mar-17 Mar-16

Cloud Transformation 1,731 2,089 1,018

Managed Services 1,205 1,411 688

Security Solutions 544 663 264

Consulting 589 1,181 747

4,069 5,344 2,716


Q-o-Q trend of Receivables and Unbilled Revenue

Average = 81.0 days Average = 18.3 days

Cloud Experience‣‣Forward

Thank YOU!!!

Proprietary and Confidential. © 2017 8K Miles Software Services Inc.

Documents

Ref: 8K/CHN/2017-18/E024 1st December 2017 · PDF file · 2017-12-01Cybersecurity" market is" expected" to" become" huge" in" the"coming" years."AWS" also" announced" a ... (EHR)